In addition to reaching 4 billion pages of textual Web content, the Excalibur(TM) technology also comprises approximately 500 million images, 20 million audio components and 5 million videos.
The Company also disclosed that it has completed the build-out of its second data center located in Dallas, Texas. This site, in conjunction with the Company's San Diego data center now affords prospective customers a fully redundant hosting environment.
With the attainment of these operational and technology milestones, Convera is positioned to begin accepting customers for Excalibur(TM), presently a private label search offering.
"We believe we have created a unique search engine," said Patrick C. Condo, Convera President and Chief Executive Officer. "Research shows end-users tend to only look at the first page of search results. What makes the Excalibur(TM) offering different is that our search technology reaches down into the unread pages and by using what we call 'facets', essentially retrieves and categorizes information that readers would have otherwise missed. Our goal is simple - to provide end-users with relevant and useful answers, not just a list of popular results," Condo concluded.
The Excalibur(TM) Web search technology, while a newly developed search platform, leverages Convera's experience over the past 15 years in creating "deep search" products for law enforcement, national security and intelligence agencies.
About Convera
Convera is a leading provider of search technologies to commercial enterprises and government agencies. Through its two offerings, Excalibur(TM), a newly developed Web search solution and RetrievalWare(R), its "flagship" enterprise search product, Convera offers unique search technology capable of providing an integrated results page derived from both intranet and Internet content. Convera's technologies strive to manage vast stores of structured and unstructured information that exist within internal repositories and on the Web by providing highly scalable, fast, accurate and secure search capabilities across text, video, image and audio information, in multiple languages. More than 900 customers in 40 countries rely on Convera search solutions to power a broad range of mission-critical applications. For more information, contact Convera at 800-788-7758, via e-mail at info@convera.com or on the Web at www.convera.com
This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; the ability to continue funding operating losses; fluctuations in operating results including impacts from reduced corporate IT spending and lengthier sales cycles; continued success in technological advances and development including the Web indexing initiative; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's reports to the Securities and Exchange Commission. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Convera's filings with the SEC. These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. The Convera design logo and the following are worldwide trademarks of Convera: Convera(TM), RetrievalWare(R), Excalibur(TM) and Screening Room(R). The names of actual companies and products mentioned herein, if any, may be the trademarks of their respective owners.
© 2005 Business Wire
